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| Waco | | Individuals who have 30-year | | Losses Outstanding: A summary |
| Union | | mortgages might want to consider a | | statement prepared by Property, Life, |
| San Jose | | 30-year term to ensure that the house | | and Liability insurers showing claims |
| Denton | | is protected throughout the period of | | not yet settled. |
| Spokane | | the loan. | | |
| Salt Lake City | | | | Partial Loss: A loss covered by an |
| Longwood | | The best time to switch policies is | | insurance policy which does not |
| Lexington | | within one month of receiving your | | completely destroy or render |
| Woodbridge | | policy renewal from your current | | worthless the insured property. |
| Waterloo | | insurer. You can typically cancel your | | |
| Burbank | | policy without any fees or penalties if | | Public Adjuster: An insurance adjuster |
| Corpus Christi | | you act within this time period. | | who represents an insured on a fee |
| Canton | | | | basis in claims settlement. Contrast |
| Eugene | | Everyone has different needs, and | | with Independent Adjuster. |
| Evansville | | not one size fits all when it comes to | | |
| Quincy | | term life insurance. While it may make | | Calendar Year Experience: This |
| Union | | sense for people in their 30s and 40s | | measures the premiums and losses |
| Charlotte | | to secure a 20-year term length, a | | entered on accounting records during |
| Stockbridge | | 10-year term might be more | | the 12-month calendar. |
| Washington | | appropriate for someone nearing | | |
| Arlington | | retirement. | | Deflation: An economic period |
| Oakland | | | | characterized by falling prices, high |
| St. Joseph | | Make sure you have a new policy in | | unemployment and a generally |
| Santa Monica | | place before you cancel your old one | | sluggish or slow economy. |
| Spokane | | to avoid a lapse in coverage. This will | | |
| Cypress | | also prevent having to figure out the | | Gross Line: The total limit accepted |
| Irving | | amount of any unused premium that is | | by an insurer on an individual risk, |
| Norfolk | | due to you from your old insurance | | including the amount to be reinsured. |
| Glendale | | company, or having to spar with your | | |
| Lake Charles | | agent about exactly when your policy | | Standard Industry Code (SIC): This is |
| Louisville | | was cancelled and how much they | | a coding system which assigns |
| Wichita Falls | | owe you. | | separate codes for different types of |
| Jackson | | | | industries. |
| Long Island City | | If you decide to cancel your policy | | |
| Bakersfield | | (after acquiring new coverage) | | |
| Hot Springs | | outside of the 30-day period, you may | | |
| Abilene | | have to pay a fee or penalty. | | |
| Orlando | | However, you may still save money | | |
| Tulsa | | after paying the fee if your new policy | | |
| Coral Springs | | affords you significant savings. So | | |
| Lexington | | while it is best to wait until your | | |
| Oakland | | receive your renewal notice, you CAN | | |
| Sumter | | cancel your policy at any time. | | |
